HopFed Bancorp (HFBC) Hits New 52-Week High at $20.32

HopFed Bancorp, Inc (NASDAQ:HFBC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.32 and last traded at $20.32, with a volume of 34879 shares trading hands. The stock had previously closed at $20.14.

Several brokerages recently commented on HFBC. Zacks Investment Research lowered shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine raised shares of HopFed Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th.

The firm has a market capitalization of $133.91 million, a P/E ratio of 22.33 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 0.91.

HopFed Bancorp (NASDAQ:HFBC) last issued its quarterly earnings results on Thursday, January 31st. The savings and loans company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $8.79 million during the quarter, compared to analyst estimates of $9.00 million. HopFed Bancorp had a net margin of 12.73% and a return on equity of 6.51%.

An institutional investor recently raised its position in HopFed Bancorp stock. Dimensional Fund Advisors LP increased its stake in HopFed Bancorp, Inc (NASDAQ:HFBC) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 251,188 shares of the savings and loans company’s stock after acquiring an additional 8,751 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.78% of HopFed Bancorp worth $3,338,000 at the end of the most recent reporting period. 49.24% of the stock is currently owned by hedge funds and other institutional investors.

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HopFed Bancorp Company Profile (NASDAQ:HFBC)

HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. The company accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and time deposits, as well as non-interest bearing, savings, and interest bearing checking accounts.

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